Increasing EAF share in steel production to boost scrap usage – Schnitzer

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EAF steelmaking capacity in the USA is expected to rise sharply by over 10 mnt by 2024.
In the EU, there is renewed focus on using more scrap in EAFs, with up to 15 mnt of new capacity planned.
China is targeting to increase its share of EAFs to around 15% of total crude steel production by CY’25. These developments will boost scrap usage in the coming years, according to Schnitzer’s recent quarterly report.

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